$445.30 per month __________years 7.45 % compounded quarterly Not Applicable $24,788.40 e. $2,000 beginning of every six months 12 ½ years _______compounded quarterly $37,708.30 Not Applicable f. $2,789.58 beginning of every 3 months 60 months 2.75% compounded quarterly Not Applicable _____
Q3): Fill in the entire chart for the below
Solve only (d),(e),(f) part
|
# |
Payment and frequency (PMT) |
Time in years (n) |
Interest rate and compound frequency (I/Y) |
Present Value (PV) |
(FV) |
|
a. |
$5,682.04 per quarter (end) |
5 years |
5% compounded quarterly |
______________ |
Not Applicable |
|
b. |
$241.63 per month (end) |
69 payments |
6 ¼ % compounded monthly |
Not Applicable |
_______________ |
|
c. |
$____________ per quarter |
7 years and 3 months |
3 % compounded semi-annually |
$7,795.89 |
Not Applicable |
|
d. |
$445.30 per month |
__________years |
7.45 % compounded quarterly |
Not Applicable |
$24,788.40 |
|
e. |
$2,000 beginning of every six months |
12 ½ years |
_______compounded quarterly |
$37,708.30 |
Not Applicable |
|
f. |
$2,789.58 beginning of every 3 months |
60 months |
2.75% compounded quarterly |
Not Applicable |
_______________ |
Step by step
Solved in 2 steps
